Browsing: NZD/USD Forecast

The New Zealand dollar enjoyed the robust jobs report and the weakness of the greenback to gain ground. A sole event awaits us this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand enjoyed a rise of 2.4% in jobs and a drop to 5.1% in the unemployment rate. Also milk prices gave their support with a leap of 12.7%. In the US, the Fed’s minutes showed little appetite for a rate hike. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Trade Balance: Tuesday, 22:45. New Zealand enjoyed surpluses in its trade balance in…

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The New Zealand dollar moved according to the flute of the RBNZ, but certainly not in the most straightforward manner. The jobs report is the big event of the upcoming week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The RBNZ cut rates but the kiwi bounced. It was an exaggerated “buy the rumor, sell the fact” response and was especially strange with the promise to do more. Later on, we did see a correction, when the kiwi failed to rise on an excellent retail sales report. Will its behavior return to normal? In the US, data has…

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The New Zealand dollar had its time in the sun, recovering from previous lows. It’s now money time for the pair, with the central bank set to make its decision. Will they cut? Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Inflation expectations picked up in Q2, standing at 1.7%. After weak CPI numbers, this forward-looking inflation figure is encouraging for the RBNZ. Good news also came out favorably with a jump of 6.6%. In the US, data was mixed until the NFP came. The US gained more jobs than expected and this pushed NZD/USD lower. NZD/USD daily…

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The New Zealand dollar was looking for a new direction. The upcoming week features key data for the RBNZ before its important decision. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. Trade balance remained positive in New Zealand, albeit did not beat expectations with hitting 127 million. In the US, data was initially OK, but the terrible GDP report weighed heavily on the greenback. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: Inflation Expectations: Tuesday, 3:00. With inflation figures released only once per quarter, this publication provides another view on the state of prices. In the last…

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The New Zealand dollar was falling quite a bit on growing speculation for a rate cut by the RBNZ. Three events are lined up this week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The Reserve Bank of New Zealand published a special assessment of the economy and it seems they are ready to cut. This joins a weaker than expected CPI release, showing prices advanced only 0.4% in Q1. The steady milk prices did not help, nor did the OK US data. All in all, it was a bad week for kiwi/dollar. NZD/USD daily graph with support and resistance…

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The New Zealand dollar continued enjoying an improving market mood but eventually reversed course and slid back down. GDP and milk prices stand out. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The better political prospects for the UK helped markets recover and the kiwi took advantage of this. But later, with better US data and some profit taking, the pair dropped. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: CPI: Sunday, 22:45. New Zealand publishes its inflation numbers only once per month, making the report more potent in terms of market reaction. In Q1 2016, prices advanced…

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The New Zealand dollar was unable to hold its ground as Brexit fears and milk priced weighed on it. Two events await the kiwi in the upcoming week. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. While business confidence rebounded back to 19 points, milk prices slipped by 0.4% and this hurt the kiwi. In the US, data was looking OK. The main theme in markets remains Brexit, and the second big fallout, as the event hits the economy, is casting a dark shadow on markets. The NZD is a risk currency and thus suffered. However, things changed…

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The New Zealand dollar was surprisingly resilient in the week after Brexit. Can it continue higher? The dairy report is the main event. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand’s trade balance came out better than expected with 358 million. Also business confidence advanced nicely. This, together with the post-Brexit bounce helped the kiwi advance. In the US, GDP came out slightly better than expected but this did not rock the boat too much. NZD/USD daily graph with support and resistance lines on it. Click to enlarge: NZIER Business Confidence: Monday, 22:00. This quarterly survey of 2500 businesses slipped to…

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The New Zealand dollar enjoyed good data coming out of the country but but reversed course on the risk-off sentiment related to Britain’s EU Referendum. The upcoming week features 3 local events and the big Brexit decision. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. The UK decided to leave the EU and this has implications also on New Zealand. It triggered a global “risk off” sentiment that hurt the kiwi alongside other currencies. In New Zealand, credit card spending was positive with 5.9% and visitor arrivals stabilized, but the markets are gripped by bigger events. NZD/USD daily graph with support and…

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The New Zealand dollar enjoyed good data coming out of the country but was limited by some risk-off sentiment related to Britain’s EU Referendum. The upcoming week features 3 local events and the big Brexit decision. Here is an analysis of fundamentals and an updated technical analysis for NZD/USD. New Zealand data was positive, with GDP rising 0.7% in Q1 2016, better than expected. Also the current account came out better than expected and milk prices did not fall. In the US, the Fed was quite dovish. In normal times, this should have pushed NZD/USD higher, but the Brexit trade is taking over everything and it…

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